Inc42 has curated a list of 30 early-stage startups that have shown the most promise over the past few months, even as the crisis has disrupted life everywhere
The selected startups were founded after 2018 and have gathered momentum through traction, investments and the right product-market fit
A whopping 63% of the startups in this month’s list have B2B models, while more than half are from fintech, enterprisetech, media & entertainment and agritech
The year 2020 is proving to be more catastrophic with every passing day. Businesses have not only had to go through the unprecedented Covid-19 pandemic, but also various natural calamities such as cylones, wildfires and earthquakes as well as locust swarms across parts of the world and now the India-China border clashes spilling over to the business world with India’s ban on some Chinese apps.
Amid all this, there’s also been a big call for a focus on local apps, products and services. Startups are leading from the front in many key areas such as healthtech, genetic research, supply chain management as well as digitisation of businesses. The increasing adoption of technology even by SMBs and willingness of investors to support local innovation are some of the factors that are still giving hope to early-stage startups even in these times of crisis. Here are Inc42’s picks for June for the 30 early-stage startups to watch out for in the months to come.
30 Startups To Watch: June 2020
Startups in edtech, fintech, enterprise tech, and media and entertainment sectors have seen rising investor interest in the past few months, with agritech also drawing in investments, particularly in supply chain tech. A big trend in the Indian market is that startups these days are focussed on the needs of businesses in these times of crisis and this has been a major growth area in the weeks after the lockdown. A whopping 63% of the startups in our list this month are B2B startups, while more than half are in fintech, enterprise tech, media & entertainment and agritech.
Why Agro2o Made It To The List?
Operating in the burgeoning segment of smart hydroponics, Agro2o is looking to change how urban Indians get their food and produce. Incubated by Electropreneur Park (an initiative by the IT ministry) and the ministry of agriculture, Agro2o comes with a strong R&D base with its founders having spent more than 6 years in this field.
Currently offering two SKUs of its its soil-free smart gardens, Agro2o lets consumers grow fresh herbs, veggies, flowers, medicinal plants at home, without daily checkups and automatic alerts for watering and other maintenance. The devices incorporate hydroponics technology, which is a soilless farming system that uses nutrients in the water. Despite this, hydroponic farming utilises 95% less water than traditional farming.
Up to 50 different plant types can be grown with Agro2o’s products, and the growth can be monitored on a smartphone. The smart gardens are also enabled with mini touchscreens and WiFi connectivity which helps it send alerts to users for water top-ups. In future, the startup is looking to add support for smart assistants and smart home devices.
Due to the nature of soilless farming, plants grow faster than in the typical agricultural farms. Their growth cycle is much shorter and consumers can expect a higher frequency of harvesting than traditional farming.
Why Aker Foods Made It To The List?
Aker Foods is an AI/ML-driven B2B supply chain platform streamlining the supply of fresh fruits, vegetables and more from farmers to restaurants and delivery kitchens. Before the Covid-19 pandemic, many farmers had the option of either going for traditional supply chain solutions such as middlemen and mandis, but the pandemic has changed the game completely, and it’s not just farmers that need a direct distribution route to businesses, but also retail and restaurant businesses that need direct supply of fruits and veggies.
The client base of Aker Foods indicates how this startup has struck the right chord and has leveraged the opportunity presented by the current market conditions. The list includes the likes of Swiggy, Subway, Zomato, Farzi Cafe among others. Along with fresh fruits and vegetables, the startup also supplies pre-made and processed food ingredients from manufacturers to restaurants. This helps the restaurants to keep a tab on the inventory, manage wastage and reduce manpower needs.
Why Altor Made It To The List?
Internet of Things (IoT) and sensor-based gadgets are becoming increasingly common and there’s a ‘smart’ use case for pretty much everything including weighing scales to chessboards. Altor is making Bluetooth-based smart helmets for two-wheeler-based businesses and logistics companies. It helps companies employing large or small bike-fleets use analytics to know about the efficiency and riding behaviour of the employed personnel. The smart helmet can detect accidents or colissions accurately and inform necessary preset contacts regarding all essential parameters of the accident.
Emergency alerts can also be set up in order to alert preset contacts of rider’s duress. Catering to the B2B segment, its helmets blend the latest in IoT and AI-enabled. Going forward the company aims to optimise its products and establish a clear market, solidify its client base, and geographically expand.
Why Bombay Play Made It To The List?
If the new wave in India’s attention economy is dominated by the growth in OTT entertainment, gaming and esports is the second biggest benefactor. Aiming for gaming success, Bombay Play is counting on the experience of its cofounders in the world of gaming. Oliver Jones previously co-founded Moonfrog labs and was director at Glu Mobile and Zynga. On the other hand, Abhas Saroha led engineering at Zynga, Moonfrog Labs, and Makemytrip.
Leveraging the boom for online gaming during the pandemic lockdown, the company amassed 10 Mn downloads in its first year for its signature game ‘Card Party’.
Last December, it partnered with the Pokémon Company to publish games on Facebook, including the popular Pokemon Tower Battle and 29 Card Games. It soon plans to launch a Battle Royale game later this month to capitalise on the popularity of titles such as PUBG Mobile, Fortnite and Garena Free Fire.
Why Chingari Made It To The List?
With the government’s ban on 59 Chinese apps including TikTok, alternatives from India have become the new home for short video fans. Chingari has seen a rapid surge in popularity thanks to the Made In India tag as well as the ban on Chinese apps. Chingari’s viewership is said to have almost doubled to 370K users per minute from the 187K users prior to that.
Cofounder Sumit Ghosh noted that the platform was witnessing 100K downloads per hour. Overall, the company has registered 3 Mn downloads so far.
The Chingari app is available in multiple languages and allows users to download and upload videos, chat with friends, interact with new people, share content and browse through feeds. Users also get points for viewing videos, which can be redeemed. However, the app is still a work in progress and many of these features or content have not been added yet.
Why Credgenics Made It To The List?
The biggest hurdle for the banking sector currently is that the pandemic will worsen the non performing assets record and debt recovery. According to a recent media report, lenders have sought permission from RBI to restructure loans worth $40 Bn given to companies in stressed sectors such as aviation, hospitality and tourism and commercial real estate fearing a rise in bad loans. Credgenics is looking to solve this problem by tackling it at the root. Positioned as a recovery and collections platform, Credgenics assist financial institutions, NBFCs and digital lending firms for the speedy and expedited recovery of dues and help them increase their overall recovery rate and reduce legal costs. The platform delivers customised strategies which help creditors efficiently improve their NPA, geographic reach and customer on-boarding.
With automation of communication channels on the basis of the borrower’s paying habits, response rate and other personal details, it charges a success-based fee on the amount collected via the platform. It currently works with 2,200+ lawyers and collection partners.
Why GeoIQ Made It To The List?
A B2B SaaS and geospatial data analytics startup, GeoIQ employs locational intelligence to tag and monitor data points related to each location. This includes the population, demographics, businesses, real estate developments and more. This data is then displayed as easily consumable layers on a typical digital map for businesses to further innovate and provide services.
GeoIQ’s system uses unique and granular datasets of 1,000+ location variables across demographic, socio-economic, infrastructure, financial, economic categories. It does this across India in 100 m x 100 m grids.
GeoIQ’s data repository consists of data derived from thousands of qualified sources. Its data engines continuously scan, clean and process streams of data after which its advanced ML algorithms create derived insights. Targetting small businesses as well as large enterprises, GeoIQ’s three-tiered pricing covers a range of use-cases, starting at $250 per user per month. Within each tier, users get access to datasets through APIs and user licenses for GeoIQ’s map-based analytics tool which is used to merge GeoIQ data with third-party location data for deeper analytics.
Why Hipla Made It To The List?
Contact tracing and Covid-19 prevention solutions are all the rage these days. Hipla’s ContaTrack.ai and visitor management solution Sentinel are built for the new normal. Hipla implements its safety protocol system in schools, offices and manufacturing divisions to enable social distancing, mask detection and contact tracing with no hardware dependency. The solution uses computer vision, advanced AI and Big Data solutions.
For instance, if an employee breaches the safe distance rule of 6 feet, both the admin and the employee receive a notification. It also keeps a tab on the number of time defaults in an office, lets admins know about any employees that are routinely violating norms.
It is currently operational in seven cities including in Singapore and plans to expand further into new countries while tapping big clients.
Why Instasolv Made It To The List?
Online schools, virtual coaching classes and digital learning — students have to log in to online platforms for even the most basic of assignments in the post-pandemic world and it’s no different for even small doubts that teachers usually clear in classrooms. Instasolv claims to save students a lot of time in solving smaller queries and get complete clarity on any topic in a range of Indian languages.
Backed by Vedantu, it is targeting high school students as well as those preparing for IITJEE and NEET examinations. Students can take a photo of a question and get answers to problems within a few seconds from the app.
Currently, Instasolv claims to have 7 Mn question and answers (Q&As) and says it answers almost 100K questions on a daily basis.
The startup plan to expand its offering to including online learning besides the doubts-solving capability.
Why Kamatan Made It To The List?
After raising funding from Samunnati Agro last year, Kamatan cofounder and CEO Pravesh Sharma said the startup will enter areas such as input supplies for produce, financial linkages, technology solutions for production, storage and quality management among others. This has turned out ot be a major focus area for tech startups in the lockdown and even after it.
Incorporated in 2018, Kamatan is a result of a merger of two agritech companies Sabziwala and LivLush. The merger went through in 2018, with Elevar being an investor in Sabziwala as well as LivLush from 2016. Kamatan stands for “Krishak Agri Marketing And Technology Applications; Nested.”
According to the founders, the small farm sizes in India do not allow businesses to form direct dealerships with one or two farmers. Thus, Kamatan works with farmer produce organisations (FPOs) which includes around 1000-1500 farmers in each FPO.
It currently works with around 30 FPOs, which in turn represent almost 40,000 farmers, and 15 large private agri-enterprises like Britannia, Reliance and ITC, amongst others.
Apart from this, the startup also offers advisory and working capital support to the farmers.
Why Ken42 Made It To The List?
Targetting the end-to-end development of students, Ken42 is taking a different approach to edtech than many of its peers. It aims to support students at every stage of their crucial learning years from Class 6 to 12 in schools and through higher education and job placement.
Founded by serial entrepreneur Ganesh Raju in October 2019, Ken42 recently raised INR 11 Cr in funding from Turbostart, an accelerator programme for early-stage startups, and angel investors. It intends to have 1 Lakh students from over 30 colleges by September 2020.
Besides online classrooms and exams, it also conducts training for certificate courses offered by international universities. It also claims to offer students opportunities for personal growth and soft skill training through interview preparation, public speaking courses and professional skill development such as personal finance and workplace productivity tools.
Why Lightwing Made It To The List?
Cloud computing is increasingly becoming a necessity for businesses in the 21st century and even smaller businesses need to think about moving their tech operations to the cloud for long-term operational stability and cost-savings. But with so many options in the market, businesses have to manage multiple vendors and tech stacks to optimise cloud storage and computing costs. Lightwing aims to leverage this opportunity by automatically optimising cloud computing resources on AWS, Azure and Digital Ocean for businesses. The company currently has commercial agreements with NetApp, Vedantu, EOX Vantage among other clients.
It provides companies with intelligent CloudOps automation, which claims to slash the monthly cloud computing bills by as much as 90%, while significantly improving the efficiency of the cloud infrastructure.
Lightwing’s other product ComputeGroups helps companies utilise the cloud provider’s excess capacity and significantly cut compute costs.
While Lightwing Policies provides automated cloud usage governance across the business’ cloud accounts, the Lightwing Smart Adviser helps businesses sign up for and automatically choose the best-suited optimisation for each of their cloud resources. It also shows real-time cost savings estimates to businesses. The startup was part of the mentorship-driven Techstars accelerator programme’s Class of 2020 that graduated at the end of April.
Why Livo Made It To The List?
It’s no secret that healthtech is the biggest need of the hour and given the various segments within this sector, there are bound to be plenty of new innovations this year. Joining the list is Livo’s Blood Analyser, which uses AI to identify, classify and count blood cells and generate an accurate complete blood check. Its uniqueness lies in that it does not require reagents to work. All the blood cell differentiation and counting is performed by explainable AI algorithms. It also calculates the NLR (neutrophil to lymphocyte ratio) which doctors can use to track a Covid-19 patient prognostication i.e health improvement or deterioration.
So far, the startup is working on an order of 25 devices and also has a MOQ of 800 devices from south Indian states.
However, further expansion plans are currently on hold. Cofounder Dr Junaid Shaik told Inc42 that Covid-19 has disrupted the supply chain for medical devices and testing kits as well which has greatly impacted the manufacturing process. The company has recently raised a sum of INR 1 Cr at INR 100 Cr valuation as well. It has so far conducted trails on 300 patients per cases.
Why Mindhouse Made It To The List?
The death of Bollywood actor Sushant Singh Rajput has triggered public debates and open conversations around mental health in India, a subject which often doesn’t get the limelight due to the taboo or stigma factor.
Founded by Zomato co-founder Pankaj Chaddah and former Zomato exec Pooja Khanna, Mindhouse provides meditation and yoga courses and content in the form of live classes and a vast library of modules that can be consumed anytime by the user.
Built for beginners and advanced meditators alike, the app recommends content based on the user’s selected goals from sleep, patience, focus, relaxed mind and relaxed body, and their past experience in meditation. The team, with years of experience running a successful consumer startup, also has an eye on the international market. Mindhouse expects 70 – 90 Mn urban Indians to inculcate meditation into their daily wellness routine and sees consumer spending on meditation surge to an annual $10 Bn in the country in the next few years.
Why NIRA Made It To The List?
While most lending apps are targeting upwardly mobile millennials who want to finance their aspirational purchases, NIRA is building its credit products for middle to low-income India. It provides unsecured personal loans to qualifying grey and blue-collared Indian borrowers in partnership with Federal India. In May, the startup raised $2.1 Mn in Pre-Series A funding round from new and existing investors based in the UK and India. It said it would use the funds to recruit new talent, develop and enhance capabilities of its existing products and services. Besides this, the company will be looking to scale its lending business.
The focus is on providing a credit of up to INR 1 lakh, for up to a year to consumers, wherein it derives revenue from interest charged on these loans.
Rohit Sen, CEO and cofounder of NIRA, said at the time of funding that the startup has been able to find a good product-market fit in 2019 and had been growing at 25% per month until the pandemic.
Why Nuclei Made It To The List?
Banking tech is growing by the day and it’s not just neobanks that are innovating in this space. Nuclei has built an integrated API platform, which once embedded within a bank’s app, enables the bank to increase customer engagement through several merchant and wealth management services. It is primarily a fintech SaaS platform that essentially helps banking apps become more like super apps by enabling services such as like flight bookings, hotels, trains, cabs, bill payments, phone recharge, gifting and more.
It claims to be currently processing 3 Mn transactions per month for 16 banks across multiple countries, including SBI, ICICI, IndusInd, Canara Bank and others.
Why Peppermint Made It To The List?
In the last half-decade, automation has become a major business buzzword. Human jobs in manufacturing, industrial units, data-entry, analytics and many other roles being replaced by robots and automation to save time, manpower and cost. Robotics solutions from India’s startups have supported the public healthcare infrastructure of the country. Robots are sharing the workload of frontline staff battling Covid-19 in India. From disinfecting zones, dispensing hand sanitisers to monitoring patients and also serving meals and medicines — more and more hospitals are deploying automated solutions for these tasks.
The industrial robotics startup Peppermint is also targetting the Covid-19 pandemic with its cleaning robots that scrub floors, spray chemicals and treat surfaces with UV light. Launched in February 2020, the robot is designed to service everyday floor cleaning needs at public and industrial spaces such as airports, railways, factories, industries, hotels and more. Incubated at SINE-IIT Bombay, Peppermint has been the recipient of Nidhi Prayas grant from the Dept. of Science and Technology, Government of India.
Its autonomous floor cleaning and sanitising robots are equipped with advanced features and have already been deployed across various sectors such as pharma, logistics, manufacturing and hospitality.
Why Pidge Made It To The Team?
Unlike the most supply chain technology startups focused on last-mile logistics, Pidge is aiming to add on-demand delivery capabilities to its business model to take on Dunzo, Swiggy Genie and other rivals in this space. In simple words, it helps consumers and businesses fulfil their local delivery and courier needs.
On the B2B delivery side, it is currently catering to sectors such as ecommerce, food & perishables and retail. At the moment, Pidge operates throughout Delhi-NCR and during the Covid-19 lockdown phase, the startup also partnered with local restaurants to deliver food packets to stranded labourers in Delhi.
Pidge founder Ratnesh Verma said that the tie-up is able to help around 500 people daily in the South Delhi region. It is also getting the support of local authorities for the initiative.
Why Plop Made It To The List?
In the world of podcasts, short videos on TikTok and Instagram Stories, Plop is aiming to offer something different with multimedia, interactive storytelling. Plop breaks across text, video, audio, simulations and role-playing to create an interactive content experience, which it claims blends content and gaming design.
It uses the format of chat messages to tell stories that keep the audience engaged and active throughout the duration.
The bite-sized stories are a new form in the interactive fiction market, which is mostly filled with role-playing games and choose-your-adventure type games that don’t fully cater to the mobile-only market. The story genres include horror, romance, drama, mystery and more. During Covid-19, the startup claimed to have seen over 400% growth in its user activity along with an 800% increase in its in-app purchases.
Why Prudent AI Made It To The List?
Accounting teams are often stressed by the two-pronged problem of the increase in regulatory requirements and an increase in complex data sets and volumes of data to manage on a monthly basis. With Prudent, the founders have tried to learn from over 25 years of experience with the Big four accounting firms and technology to build a SaaS platform to solve these issues.
Using AI algorithms to solve the problems unearthed through their domain expertise, Prudent is looking to bring gains in quality, cost, and speed. Prudent AI currently has two products which primarily offer expertise in risk identification and automating data processing. The startup aims to help accountants adopt data science in a user-friendly manner, which helps inculcate a culture of technology and build a strong customer success team.
Why Public App Made It To The List?
In a world of TikTok, Mitron and Chingari, Public is an app for verified and informative short videos which focusses on information rather than entertainment. The app creates a social network for local authorities and local government to connect with the general public and vice versa. For instance, during the lockdown, a team of doctors needed PPE kits. They posted a video on the Public app and were noticed by authorities thereby getting the required help within a week.
The app has already registered 50 Mn users, and claims to be the fastest Indian social media app to cross the milestone, with more than a million videos being created every month.
It is currently available in five Indian languages viz. Hindi, Bengali, Gujarati, Tamil and Telugu. Public said its target is to have over 100 Mn users by the year-end.
Why Qzense Made It To The List?
QZense calls itself an entrepreneur-first agritech startup that is transforming fresh food supply chain with data. It is building an IoT solution for quick and accurate grading of fresh food. The solution deploys a unique blend of spectral and olfactory sensors to capture the internal quality of food and proprietary machine learning models to give an accurate assessment of ripeness, spoilage, and shelf life. It assists the users to bring down their losses and capture higher margins from the same produce.
The startup currently has a monthly subscription for the hardware device bundled with the dashboard. In the next few months, the startup aims to partner with one big retail chain with 500+ stores, expand its distribution channel with OEM suppliers of weighing scales for tapping non branded retail as well as increase sales in Bengaluru. Mumbai, Chennai and Delhi.
Why Rusk Media Made It To The List?
Delhi-based Rusk Media is tapping the incredible popularity of YouTube, TikTok and Instagram to create custom content for these platforms as well as for OTT platforms. It recently picked up an undisclosed sum in a seed round from InfoEdge Venture Fund, Sprout Venture Partners among others. Rusk creates video content through four brand verticals for generation Z and millennial audiences. These brands include Alright, Hattke, Recharge, and LIT.
Currently, it has a team of 100 employees and will be looking to add to its video production and custom content capabilities in the near future with the latest fundraise. Rusk mainly sees traction from smaller towns and cities.
The company has so far worked with advertisers such as Ab-InBev, Dominos, Kingfisher, P&G for native content as well as product placements.
Why SuperHumans Made It To The List?
SuperHumans is the brainchild of Gaurav Bhawnani and Yasharth Mishra, who spent years working with tech giants and startups such as Amazon, Housejoy, BlackBuck, Licious before launching the HRTech startup. Based on the basic premise of understanding human behaviour at work, the founders believe that the concept of well-being and productivity are closely interrelated for any human being. But, the real challenge arises in identifying these varied psychological needs of employees in any organization.
SuperHumans aims to find an edge through personalised talent management at scale. It is currently offering two solutions to measure corporate purposes as well as understanding the physiological needs of the employees respectively to maximise the productivity and value of the firm.
The startup has recently launched a public beta with some clients, but it is yet to launch in a big way. The initial plan is to monetise through subscriptions with businesses paying per employee. Bhawnani told us that Covid-19 has brought up opportunities for companies such as SuperHumans considering the pan-industry adoption of work from home.
“As social connect becomes non-existent, and remote working/hiring takes charge, a solution like ours can clearly go beyond the traditional cookie-cutter approach,” he added.
Why Swiflearn Made It To The List?
With most schools now conducting online classes in India, the traditional classroom-based education methodology has seen a big shake-up during Covid times in India. This has certainly opened up opportunities to scale for edtech startups and Swiflearn is currently reaping on the same. The company offers personalised live online tuition classes for classes 3 to 10 across subjects such as math, science, English & mental ability, life skills, math Olympiad and English Olympiad.
It uses a two-way interactive format where teachers teach the in-house developed content, use the internal testing tools and track progress. Parents receive timely updates about their child’s class participation, homework completion and learning progress. The team is in the growth stage right now with around 40 full-time members working across content development, technology, product, business development, operations, marketing, and teacher excellence.
Why TWID Made It To The List?
A mobile-first platform, TWID empowers its users to track all the rewards and loyalty points at one place, and spend them just like cash across many online and offline retail stores, making their existing and future reward points more valuable.
Within the first year of operation, TWID has brought 50+ brands and banks on board to its rewards pool, with over 3 Lakh+ merchant base accepting TWID as a mode of payment.
It also claims to have over 3 Mn active (transact at least 5 times a month) users.
TWID believes that since its offering has international value, it is adding directly to the foreign exchange collections by India. It also plans to introduce new products for users, merchants and banks for various value additions such as communication, offer discovery and more.
Why Unremot Made It To The List?
Covid-19 has not only changed life for businesses but also disrupted the practice of informal groups and interest-based communities in the real world. Unremot is looking to bring this back with its virtual space for interest-based collaborations or even business meetings. Founded by Shiju Radhakrishnan and Nisanth Kumar, Unremot offers four types of virtual layouts including casual or informal meetings, office meetings, an online class or webinar (for up to 200 people). The virtual spaces can either be public or private and can be free or require a paid entry. Private spaces are paid for by companies and businesses on a monthly subscription basis.
The hope is that businesses and individuals can create their own rooms with custom rules and permissions and have more personalised meeting experiences. So far, it claims to have seen 2000 virtual spaces being created since the soft launch three months ago.
With 12,000 signups, its current daily active user tally is at 230, with 2.1 hours spent on average per day per user.
Why Vastra Made It To The List?
Manual data entry and paperwork is still a big challenge in the Indian textile industry, which reached a market size of $38.70 Bn in FY19 and is expected to grow to $82 Bn by 2021, according to IBEF. Vastra aims to revolutionise this industry by bridging the gap between all stakeholders using data analytics.
It is backed by Vivek Khare, advisor to Info Edge Corporate Development and investor in Zomato, Jaypore, PolicyBazaar. Vastra App brings data of all processes related to textile manufacturing online. It connects every stakeholder from business owners to production managers to craftsmen and artists to designers, salespersons and even suppliers.
Its USP is said to be its versatility since it works with users that have different levels of tech maturity. By running analytics on the data captured, Vastra is able to provide apparel manufacturers useful business insight to make intelligent decisions and its in-built smart digital assistant streamlines the business process with reminders and alerts on tasks.
It currently has a client base of 500+ across 20+ cities. It also boasts of over 1.5 Mn transactions with over 20K stakeholders registered and claim to be adding over 60 customers every month.
Why XPay.Life Made It To The List?
Bengaluru-based touch screen kiosk manufacturing company, XIPHIAS recently launched a new blockchain-based platform called XPay.Life which offers an array of digital payment services, including touch screen ATP kiosk, web, mobile app, POS device and others. The platform caters to both B2B as well as B2C segment. The company claims to be providing the highest level of transparency during transactions. It has partnered with leading banks to further expand its reach.
XPay.Life has completed 1 Lakh transactions worth INR 5 Cr, since its beta version launch in 2019. The company offers services across 18+ cities in India with 50K plus pin code locations.
In the last ten months, it also claims to have achieved 100% month-on-month growth.
In the coming days, XPay.Life plans to deploy services for 253 billers and 1 Lakh ATP kiosk, POS devices and mobile vans across Tier 3 and Tier 4 cities in the next three years.
Most of these transactions were made towards the payment of electricity bills. Among other categories, transactions worth INR 23 Lakh were generated from the mobile vans. Further, The vans deployed by XPay.Life travelled across remote locations of Jharkhand such as Ranchi, Ramgarh and Hazaribagh to dispense cash under the RBI guidelines. On average, 50-60 transactions took place every day through these vans. It claims to have 253 billers in Tier 1 and 2 cities, and reach in over 50K postal codes.
Why Zopnote Made It To The List?
Zopnote aims to create an interesting positioning for itself in the hyperlocal domain with its operations management SaaS. Zopnote is primarily a platform for hyperlocal services where local vendors can run their business on the cloud and enable easy online payment collection.
With this app, the vendors can share monthly invoices and payment reminders to the customers, as well as generate business reports and manage subscription.
The app has digitised newspaper delivery and kirana services and is already live in Bengaluru with 130+ communities and 15.000 subscribers.
It is currently working with a range of businesses including milk delivery, water delivery, grocery, laundry, tuitions, cable services and more.
So that’s our 30 Startups watchlist for the month of June 2020. Inc42+ members can access our picks for the past four months here. To nominate a startup or suggest a name for us to check out, please email at [email protected].